©BRIGHTSTARS 2025 ALL RIGHTS RESERVED 11:22 AM A+
NFP Exam 1 Cont Exam Questions And
Answers |Latest 2025 | Guaranteed Pass.
The city transferred cash to the fund used to accumulate resources to pay bond principal and
interest. - Answer✔GF, DSF
The city received its share of a state sales tax that is legally required to be used to finance
library operations. - Answer✔SRF
The city sent property tax bills to homeowners to help pay for day-to-day operating costs -
Answer✔GF
The city paid for five fire engines, using resources accumulated in a fund to pay for capital
assets - Answer✔CPF
The city received a grant from the city to build an addition to the city hall. - Answer✔CPF
The city received the proceeds of general obligation bond to finance the construction of a new
police station. - Answer✔CPF
The mayor was paid his monthly salary. - Answer✔GF
Expenditures for the operations of the Police Department were recorded. - Answer✔GF
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, ©BRIGHTSTARS 2025 ALL RIGHTS RESERVED 11:22 AM A+
Parks admissions fees, dedicated for use in day-to-day maintenance of the city park system,
were collected. - Answer✔SRF
The city paid a contractor who had completed a report on the potential for improving police
deployment as a way to reduce the crime rate. - Answer✔GF
The city workers were paid their weekly salaries. - Answer✔GF
The city retired some of its outstanding bonds, using money accumulated for that purpose. -
Answer✔DSF
A federal grant was received to help pay for the cost of constructing the new city hall. -
Answer✔CPF
The city received a donation from a taxpayer with the stipulation it be invested and kept in
perpetuity, so that the income from the investments could be used to buy library books. -
Answer✔PF
The city received income from the investments made in the previous activity. - Answer✔SRF
Bonds were issued by the fund used to account for providing water to the residents of a
municipality. - Answer✔EF
The fund that finances the city's basic day-to-day operating activities lent $50,000 to the fund
that will provide city agencies with supplies on a user charge basis. - Answer✔GF, ISF
The city-operated utility that provides electricity to the residents of a municipality billed the city
for electricity provided to city agencies. - Answer✔EF, GF
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, ©BRIGHTSTARS 2025 ALL RIGHTS RESERVED 11:22 AM A+
The city charter requires all hotel taxes to be accounted for in a separate fund dedicated to
maintaining the downtown business district. Hotel tax collections for the period were $500,000.
- Answer✔SRF
Salaries were paid to the city's police officers and firefighters. - Answer✔GF
The state lottery, which operates like a business entity, sent a check for its net revenues (after
paying lottery prizes) to the state. The state will add these revenues to general state revenues
as part of the state's program for financing elementary and secondary education. - Answer✔EF,
GF
Interest and principal on the city's general obligation debt were paid, using resources
accumulated specifically for that purpose. - Answer✔DSF
The fund that finances the city's day-to-day operating activities transferred cash to the fund
that pays principal and interest on outstanding debt. - Answer✔GF, DSF
The city sold general obligation bonds to buy land as part of a city hall expansion program. -
Answer✔CPF
The city's central motor pool billed each city department for use of vehicles. - Answer✔ISF, GF
The state established a highway beautification program, to be financed by dedicating a new
motor vehicle license fee to that purpose. - Answer✔SRF
A wealthy taxpayer donated securities to a village, stipulating that the donation be kept in
perpetuity and that the resulting investment income be used solely to help support the
activities of the village library. - Answer✔PF, SRF
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NFP Exam 1 Cont Exam Questions And
Answers |Latest 2025 | Guaranteed Pass.
The city transferred cash to the fund used to accumulate resources to pay bond principal and
interest. - Answer✔GF, DSF
The city received its share of a state sales tax that is legally required to be used to finance
library operations. - Answer✔SRF
The city sent property tax bills to homeowners to help pay for day-to-day operating costs -
Answer✔GF
The city paid for five fire engines, using resources accumulated in a fund to pay for capital
assets - Answer✔CPF
The city received a grant from the city to build an addition to the city hall. - Answer✔CPF
The city received the proceeds of general obligation bond to finance the construction of a new
police station. - Answer✔CPF
The mayor was paid his monthly salary. - Answer✔GF
Expenditures for the operations of the Police Department were recorded. - Answer✔GF
1|P a g e
, ©BRIGHTSTARS 2025 ALL RIGHTS RESERVED 11:22 AM A+
Parks admissions fees, dedicated for use in day-to-day maintenance of the city park system,
were collected. - Answer✔SRF
The city paid a contractor who had completed a report on the potential for improving police
deployment as a way to reduce the crime rate. - Answer✔GF
The city workers were paid their weekly salaries. - Answer✔GF
The city retired some of its outstanding bonds, using money accumulated for that purpose. -
Answer✔DSF
A federal grant was received to help pay for the cost of constructing the new city hall. -
Answer✔CPF
The city received a donation from a taxpayer with the stipulation it be invested and kept in
perpetuity, so that the income from the investments could be used to buy library books. -
Answer✔PF
The city received income from the investments made in the previous activity. - Answer✔SRF
Bonds were issued by the fund used to account for providing water to the residents of a
municipality. - Answer✔EF
The fund that finances the city's basic day-to-day operating activities lent $50,000 to the fund
that will provide city agencies with supplies on a user charge basis. - Answer✔GF, ISF
The city-operated utility that provides electricity to the residents of a municipality billed the city
for electricity provided to city agencies. - Answer✔EF, GF
2|P a g e
, ©BRIGHTSTARS 2025 ALL RIGHTS RESERVED 11:22 AM A+
The city charter requires all hotel taxes to be accounted for in a separate fund dedicated to
maintaining the downtown business district. Hotel tax collections for the period were $500,000.
- Answer✔SRF
Salaries were paid to the city's police officers and firefighters. - Answer✔GF
The state lottery, which operates like a business entity, sent a check for its net revenues (after
paying lottery prizes) to the state. The state will add these revenues to general state revenues
as part of the state's program for financing elementary and secondary education. - Answer✔EF,
GF
Interest and principal on the city's general obligation debt were paid, using resources
accumulated specifically for that purpose. - Answer✔DSF
The fund that finances the city's day-to-day operating activities transferred cash to the fund
that pays principal and interest on outstanding debt. - Answer✔GF, DSF
The city sold general obligation bonds to buy land as part of a city hall expansion program. -
Answer✔CPF
The city's central motor pool billed each city department for use of vehicles. - Answer✔ISF, GF
The state established a highway beautification program, to be financed by dedicating a new
motor vehicle license fee to that purpose. - Answer✔SRF
A wealthy taxpayer donated securities to a village, stipulating that the donation be kept in
perpetuity and that the resulting investment income be used solely to help support the
activities of the village library. - Answer✔PF, SRF
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